PDF A topic of current interest: Bonds or bond funds? - Vanguard
a mutual fund can afford to put these control advantages ahead of the benefits of investing in a fund. Note: This paper is an updated version of a 2012 Vanguard paper of the same title by Donald G. Bennyhoff, Scott J. Donaldson, and Ravi G. Tolani. 1 See the Vanguard research papers Taxable Bond Investing: Bond Funds or Individual Bonds? ................
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